August 7, 2017 8:18 pm JST

Malaysia's Sarawak State Announces Formation Of Oil And Gas Company Petros

  By Gho Chee Yuan
Nikkei Markets
  KUALA LUMPUR (Aug 07) -- Petros, a petroleum exploration and production company owned by a Malaysian state government, has been officially formed, national news agency Bernama reported on Monday citing the state's chief minister.

Petros was formed by the state of Sarawak to participate in the extraction of oil and gas in Sarawak "while still pursuing its request for a 20% royalty" from national oil company Petroliam Nasional, Bernama reported.

"I want to tell you that we have officially formed our oil company, Petros," Sarawak Chief Minister Abang Johari Tun Openg was quoted as saying by Bernama.

  - By Gho Chee Yuan; Terence.Gho@nikkeinewsrise.com; 60320267363
- Edited By Debasis Basak
- Send Feedback to feedback@NikkeiNewsRise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

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